Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD
[IMG]file:///C:/Users/user/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif[/IMG]
Dominant trend: Ranging
Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000
BTC/USD continues in a range-bound market in the long-term outlook. The new year rally was shortlived as the bears stage a return as the price drops below the 10EMA. BTC/USD dropped to $3850 in the demand area on 4th January closing a bullish spinning top and an indication of bulls gradual return.
The new trading week started on a bullish note with an engulfing candle as BTC/USD rose to $4218 in the supply area on 6th January. With the stochastic oscillator signal pointing up at 51% and price above the 10-EMA, the bulls may sustain the momentum within the rage in days ahead.
BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ETH/USD
[IMG]file:///C:/Users/user/AppData/Local/Temp/msohtmlclip1/01/clip_image002.gif[/IMG]
Dominant trend: Bullish
Supply zones: $250, $300, $350
Demand zones: $50, $30, $10
The bullish exhaustion denoted by wicks on the candle at the $165.00 are signals that the bears are in for a minor retracement despite a bullish overall outlook.
The bullish spinning top that opens the trading week on 5th January after pushing ETH/USD to $165.86 in the supply area failed to sustain the bullish momentum as the bears took over the market.
The bearish momentum may increase leading to a further drop in the price of the cryptocurrency within the two EMAs before in the coming days, but the bulls will stage a comeback to attain the bulls target at $174.00 in the supply area.
For more signals: https://www.cryptocomparer.com/news/...r-january-8th/
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08-01-2019, 09:32 PM #1
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Weekly trading signals for major cryptos - JANUARY 8TH
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19-01-2019, 11:56 AM #2
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A trading psychology, based upon how well you know yourself and are able to profit from your strong points, as well as control your weak ones, has a lot to do with how successful of a trader you will be. When you truly know yourself and know your broker, like I know my broker Bprimes, then you are aware of how you are going to react under certain circumstances and you can protect yourself from self-damaging actions or decisions when it comes to managing a trade.
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19-01-2019, 03:03 PM #3
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hello mate, what do you think about this pair, is this a good sell? Thank you
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